Ryan Specialty Completes Acquisition of Keystone Risk Partners

Rhea-AI Summary

Ryan Specialty Group (NYSE: RYAN) has successfully completed the acquisition of certain assets from Keystone Risk Partners, LLC, located in Media, PA. This acquisition, previously announced on December 13, 2021, aligns with Ryan Specialty's strategy to expand its specialty insurance offerings and enhance services to brokers and agents. Founded in 2010, Ryan Specialty is a growing service provider focusing on innovative insurance solutions, distribution, underwriting, and risk management.

Positive

• Acquisition of Keystone Risk Partners expands Ryan Specialty's specialty insurance offerings.
• Strategic move to enhance services to brokers and agents.
• Continued growth trajectory since the firm's founding in 2010.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- Ryan Specialty Group (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, completes acquisition of certain assets of Keystone Risk Partners, LLC (“Keystone”) based in Media, PA. Previous announcement dated December 13, 2021.

About Ryan Specialty Group

Founded in 2010, Ryan Specialty is a rapidly growing service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development, administration and risk management services by acting as a wholesale broker and a managing underwriter. Our mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents and carriers. ryansg.com (NYSE: RYAN) ©2021 Ryan Specialty Group, LLC

View source version on businesswire.com: https://www.businesswire.com/news/home/20211231005073/en/

Media

Alice Phillips Topping

Chief Marketing & Communications Officer

Ryan Specialty Group

Alice.Topping@ryansg.com

+1 312-635-5976

Investor Relations

Noah Angeletti

Treasurer

Ryan Specialty Group

ir@ryansg.com

+1 312-784-615

Source: Ryan Specialty Group

FAQ

What assets did Ryan Specialty acquire from Keystone Risk Partners?

Ryan Specialty acquired certain assets from Keystone Risk Partners to enhance its specialty insurance offerings.

When was the acquisition of Keystone Risk Partners announced?

The acquisition was announced on December 13, 2021.

How will the acquisition impact Ryan Specialty's business?

The acquisition is expected to strengthen Ryan Specialty's services to brokers and agents in the specialty insurance sector.

What is Ryan Specialty Group's primary focus?

Ryan Specialty focuses on providing innovative specialty insurance solutions through distribution, underwriting, and risk management.

Where is Keystone Risk Partners located?

Keystone Risk Partners is based in Media, PA.